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Jonathan Watts

[email protected] +1(540) 816-7982

Listed by MATTHEW ALAN GALLIMORE U/C BLUE RIDGE LAND & AUCTION CO INC- FLOYD

$ 795,000

Est. payment | -/mo

3 Baths

Save

$ 795,000

Est. payment | -/mo

Save

3 Baths

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 931629

HOA Y/N No

Year Built 1985

Annual Tax Amount $4,330

Acres 1.37

Property Sub-Type Commercial

Source Roanoke Valley Association of REALTORS®

Property Description

Auction Property: List price may not reflect final sales price. List price is starting bid on the property and is non-reflective of value. Auction Ends Nov 12th at 4PM. Jake's Place presents an opportunity to own a well-established waterfront restaurant on Smith Mountain Lake. Operating since 2012, the business is located approximately one mile from Hales Ford Bridge, the commercial hub of Smith Mountain Lake. The property offers more than 75 parking spaces and 20 uncovered boat slips, providing convenient access by both land and water. Constructed in 1985, the building sits on 1.27 acres and is served by public water and sewer. Features include owned restaurant equipment, a 24-tap craft beer system, and a transferable Toast POS system. The current owner has consistently maintained the HVAC units, water heaters, and other mechanical systems, with maintenance records available to qualified buyers. The restaurant accommodates approximately 230 guests and offers waterfront dining and entertainment areas. There is a total of +/- 6,366 sq feet between two levels, and multiple decks and patios. Additional income is generated through the bar and gift shop. The upper level provides further revenue potential, with space that could be used for retail, private parties, or special events. This area may also offer an opportunity to serve guests from approximately 100 nearby campsites at the adjoining Halesford Harbour RV Resort & Marina. An office space is also located on the upper level. Although the restaurant and bar are centrally located within the Smith Mountain Lake market, the business also attracts customers from throughout the region, including Roanoke, Northern Virginia, Raleigh, and Charlotte NC. Financial information and a sales portfolio are available to qualified buyers upon execution of a Non-Disclosure Agreement.

Location

State VA

County Bedford County

Area 1.37

Direction By Car: From Hales Ford Bridge, travel north on VA-122 & turn left onto Harbour Inn Ln. Bear left at each fork until parking. By Water: Enter cove beside Webster Marina & continue to Jake's Place.

Interior

Heating Heat Pump

Cooling Electric

Flooring Carpet, Tile, Vinyl

Fireplace No

Exterior

Parking Features On Site

View Lake

Garage No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Tax ID 221-A-10

MLS of Roanoke Valley, Inc. (RVAR) - IDX

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(540) 816-7982

[email protected]

422 Campbell Ave SW, Roanoke, VA 24016-3627, USA

1041 Harbour Inn LN Moneta, VA 24121

Jonathan Watts

Key Details

Location

Interior

Exterior

Building

Others

Nearby Locations

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1041 Harbour Inn LN